mployees December 31,2025 60 employees Actual and estimates of employees who left and are expected to leave are as follows: end of 2020: 10 employees left an
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On January 1,2020, an entity granted 50 share appreciation rights to each of its 200 employees on condition that the employees on condition that the employees remain in its employ for the next 3 years. Exercise of the share appreciation rights were as follows:
December 31,2023 10 employees
December 31,2024 100 employees
December 31,2025 60 employees
Actual and estimates of employees who left and are expected to leave are as follows:
end of 2020: 10 employees left and additional 5 are expected to leave within the vesting period.
end of 2021: 17 employees left and additional 3 are expected to leave within the vesting period.
end of 2022: no employee left
The fair value of the share appreciation rights are as follows:
Fair value
December 31,2020 P 15
December 31,2021 18
December 31,2022 20
December 31,2023 21
December 31,2024 24
December 31,2025 26
How much is the compensation expense in each of the years 2021 and 2022, respectively?
Answer should be in this format:
Example:
100,000 and 100,000
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- On January 1,2020, an entity granted 100 share appreciation rights to each of its 200 employees on condition that the employees on condition that the employees remain in its employ for the next 3 years. Exercise of the share appreciation rights were as follows:December 31,2023 40 employeesDecember 31,2024 100 employeesDecember 31,2025 60 employeesActual and estimates of employees who left and are expected to leave are as follows:end of 2020: 10 employees left and additional 5 are expected to leave within the vesting period.end of 2021:17 employees left and additional 3 are expected to leave within the vesting period.end of 2021: no employee leftThe fair value of the share appreciation rights are as follows:Fair valueDecember 31,2020 P 15 December 31,2021 18December 31,2022 20December 31,2023 21December 31,2024 24How much is the compensation expense to be recognized for the year 2024?On January 1,2020, an entity granted 50 share appreciation rights to each of its 200 employees on condition that the employees on condition that the employees remain in its employ for the next 3 years. Exercise of the share appreciation rights were as follows:December 31,2023 10 employeesDecember 31,2024 100 employeesDecember 31,2025 60 employeesActual and estimates of employees who left and are expected to leave are as follows:end of 2020: 10 employees left and additional 5 are expected to leave within the vesting period.end of 2021:17 employees left and additional 3 are expected to leave within the vesting period.end of 2022: no employee leftThe fair value of the share appreciation rights are as follows:Fair valueDecember 31,2020 P 15 December 31,2021 18December 31,2022 20December 31,2023 21December 31,2024 24December 31,2025 261. How much is the compensation expense to be recognized for the year 2024? 2. How much is the compensation expense in each of the years 2021 and 2022,…Company A has established a defined benefit plan for the employee. Annual payments under the plan are equal to highest lifetime salary multiplied by 2% multiplied by the number of years with the entity. On December 31, 2020, an employee had worked with the entity for 15 years. The current annual salary of the employee is P600,000. The employee is expected to retire in 10 years and the increase in salary is expected to be 4% per year. The discount rate is 10%. The employee is expected to live 8 years after retirement and shall receive the first annual pension payment one year after retirement. Compute for the ff: 1)Current service cost in 2021, 2022, 2023 and 2024 2)Interest expense in 2021, 2022, 2023 and 2024 3)PBO, Dec. 31,2021, Dec. 31,2022, Dec. 31,2023 and Dec. 31,2024
- On September 1, 2020, Howe Company offered special termination benefits to employees who had reached the early retirement age specified in the entity's pension plan. The termination benefits consisted of lump sum and periodic future payments. Additionally, the employees accepting the entity offer receive the usual early retirement pension benefits. The offer expired on November 30, 2020. Actual or reasonably estimated amounts on December 31, 2020 relating to the employees accepting the offer are as follows: Lump sum payments made on January 1, 2021 475,000 Present value of periodic payments of P60,000 annually for 3 years which will begin January 1, 2022 Reduction of accrued pension cost on December 31,2020 for terminating employees 155,000 45,000 2. What amount should be recognized in profit or loss as a result of the termination benefits in 2020? a. 630,000 b. 475,000 C. 585,000 d. 45,000expected to retire on December 31, 2044. The employee's multiplied by the number of years in service multiplied by the final year's salary. The annual benefit is payable at the indicating a plan formula for annual benefit equal to 2% An employee was hired by the entity on January 1, 2000 and Generous Company has established a defined benefit plan Problem 17-13 (IAA) end of each year. retirement is expected to span 21 years. The employee's final salary at retirement is expected to b P800,000 and the appropriate discount rate is 8%. On January 1, 2020, the plan formula was amended by increasing the percentage from 2% to 3%. The amendment was made retroactive to consider past service years. The present value of an ordinary annuity of 1 at 8% for 21 periods is 10.02 and the present value of 1 at 8% for 25 periods is 0.15. 1. What is the projected benefit obligation before amendment on January 1, 2020? a. 480,960 b. 320,000 c. 160,000 d. 400,000 2. What is the projected benefit obligation…On December 31, 2020, Stormy & Co. started a defined benefit plan for its president. The plan provides for an annual pension to the executive, equal to 2% of the executive’s highest lifetime salary multiplied by number of years of service within the entity. On date of establishment, the president already has worked for ten years, and his current salary as of this date is P500,000. The president is expected to retire in 25 years, and his/her salary is expected to increase by 3% on average. He/she is also estimated to have a life expectancy of 15 years after retirement and will receive his/her annual pension at the end of each year after retirement. Market yield of high-quality corporate bonds is 8%. Below is the relevant PV and Future Value (FV) factors:· Future value of 1 at 3% for 25 periods: 2.094· PV of an ordinary annuity at 8% for 15 periods: 8.559· PV of 1 at 8% for 25 periods: 0.146How much is the projected benefit obligation upon establishment of the…
- A company sponsors a defined benefit plan for 100 employees. On January 1, 2020 the company's actuary provided the following information. Accumulated other comprehensive (PCS). $152,800 Pension Plan assets (fair value and market -related asset value) 203,100 Accumulated benefit obligation 261,700 Projected Benefit obligation 373,200 The average remaining service period for the participating employees is 10 years. All employees are expected to receive benefits under the plan. On December 31,2020 the actuary calculated that the present value of future benefits earned for employee services rendered in the current year amounted to $55,900; the projected benefit obligation was $493,800 ; fair value of pension asset was $281,100; the accumulated benefit obligation amounted to $360,000. THe expected return on plan assets and the discount rate on the projected benefit obligation were both 10%. The acutal return on plan assets is $11,700. The company's current year's contribution to the…A company sponsors a defined benefit plan for 100 employees. On January 1, 2020 the company's actuary provided the following information. Accumulated other comprehensive (PCS). $152,800 Pension Plan assets (fair value and market -related asset value) 203,100 Accumulated benefit obligation 261,700 Projected Benefit obligation 373,200 The average remaining service period for the participating employees is 10 years. All employees are expected to receive benefits under the plan. On December 31,2020 the actuary calculated that the present value of future benefits earned for employee services rendered in the current year amounted to $55,900; the projected benefit obligation was $493,800 ; fair value of pension asset was $281,100; the accumulated benefit obligation amounted to $360,000. THe expected return on plan assets and the discount rate on the projected benefit obligation were both 10%. The acutal return on plan assets is $11,700. The company's current year's contribution to the…A company sponsors a defined benefit plan for 100 employees. On January 1, 2020 the company's actuary provided the following information. Accumulated other comprehensive (PCS). $152,800 Pension Plan assets (fair value and market -related asset value) 203,100 Accumulated benefit obligation 261,700 Projected Benefit obligation 373,200 The average remaining service period for the participating employees is 10 years. All employees are expected to receive benefits under the plan. On December 31,2020 the actuary calculated that the present value of future benefits earned for employee services rendered in the current year amounted to $55,900; the projected benefit obligation was $493,800 ; fair value of pension asset was $281,100; the accumulated benefit obligation amounted to $360,000. THe expected return on plan assets and the discount rate on the projected benefit obligation were both 10%. The acutal return on plan assets is $11,700. The company's current year's contribution to the…
- A company sponsors a defined benefit plan for 100 employees. On January 1, 2020 the company's actuary provided the following information. Accumulated other comprehensive (PCS). $152,800 Pension Plan assets (fair value and market -related asset value) 203,100 Accumulated benefit obligation 261,700 Projected Benefit obligation 373,200 The average remaining service period for the participating employees is 10 years. All employees are expected to receive benefits under the plan. On December 31,2020 the actuary calculated that the present value of future benefits earned for employee services rendered in the current year amounted to $55,900; the projected benefit obligation was $493,800 ; fair value of pension asset was $281,100; the accumulated benefit obligation amounted to $360,000. THe expected return on plan assets and the discount rate on the projected benefit obligation were both 10%. The acutal return on plan assets is $11,700. The company's current year's contribution to the…On 1 October 2021, Shildon plc granted 500 £1 share appreciation rights (SARS) to each of its 2,000 employees. Employees will be eligible to exercise their rights on 30 September 2024, if they remain employed by Shildon plc. On 30 September 2022, Shildon plc estimated that 10% of employees would leave within the vesting period and forfeit their rights to the SARS. On 30 September 2023, the estimate of total leavers was revised to 25 %. On 1 October 2021, the fair value of each £1 SAR was £5. This fair value of each £1 SAR was £6 on 30 September 2022 and £8 on 30 September 2023. The SAR liability was correctly calculated in accordance with IFRS 2 Share - based payments on 30 September 2022. Required: Advise the directors of Shildon plc on the accounting treatment of the SARS in the year ended 30 September 2023.Pharoah Company sponsors a defined benefit plan for its 100 employees. On January 1, 2025, the company's actuary provided the following information. The average remaining service period for the participating employees is 10 years. All employees are expected to receive benefits under the plan. On December 31, 2025, the actuary calculated that the present value of future benefits earned for employee services rendered in the current year amounted to $50, 800; the projected benefit obligation was $492, 700; fair value of pension assets was $277, 400; the accumulated benefit obligation amounted to $372, 300. The expected return on plan assets and the discount rate on the projected benefit obligation were both 10%. The actual return on plan assets is $10,000. The company's current year's contribution to the pension plan amounted to $65,000. No benefits were paid during the year.